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samadamsSAO
Apr 9, 2018 12:53 AM

Diamond reversal? 

Bitcoin / DollarBitfinex

Description

A diamond reversal is when a broadening wedge turns into a symmetrical triangle. I suggest googling it since it is rather rare.

I am not an expert, but if you do some research as to what these usually look like... we might have one here.

This being on the daily timeframe means the reversal could be a strong one.

Look for a close above the upper right resistance line of the diamond.

Fingers crossed

Comment

Sorry, I meant "when a broadening PATTERN turns into a symmetrical triangle"... not wedge

Comment

We are looking good! Follow for updates

Comment

Hope y’all made some money off this diamond bottom!!!!!
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